70% of sales. Crane has increased its dividend per share at an annualized rate of 12.6% over the past ten years. • We are removing Roche Holding (RHHBY). Dividend per share growth over the next few years appears increasingly likely to fall below our list's minimum 4% threshold. Scott L. Stackman M

E GROUPADR 626188106 MURGY 535.00 07/12/2013 10,196 73 08/25/2015 9,785.99 -410.74 -4.03% L ROCHE HLDG LID SPONS ADR SVOTZ ADR 771195104 RHHBY 1,100.00 01/29/2013 30,299.50 02/09/2015 36,373.06 6,073.56 20.05% L ROCHE HLDG LTD SPONS ADR SWITZ ADR 771195104 RHHBY 300.00 04/22/201

ONSORED ADR 756255-204 RBGL Y 14.33 2,590.000 37,109.52 36,120.40 1,989.12 1,017.87 535.99 2.74% ROCHE HOLDINGS LTD SPONS ADR 771195-10-4 RHHBY 58.35 550.000 32,089.75 33,299.50 1.790.25 932.25 2.91% ROYAL DUTCH SHELL PLC ADR 784259-10-7 RDS B 66.82 300.000 20,046.00 22,375.65